U.S. SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                  FORM 10-KSB/A
                                 Amendment No. 1

                ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF
                       THE SECURITIES EXCHANGE ACT OF 1934

          For year ended December 31, 2005 Commission File No. 0-28575


                         GLOBAL AIRCRAFT SOLUTIONS, INC.
                  (Formerly Renegade Venture (NEV) Corporation)
         ---------------------------------------------------------------
        (Exact name of small business issuer as specified in its charter)







                  NEVADA                                   84-1108499
                  ------                                   ----------
     (State or other jurisdiction of                    (I.R.S. Employer
      Incorporation or organization)                   Identification No.)

         6901 South Park Avenue
             Tucson, Arizona 85706                       (520) 294-3481
             ---------------------                       --------------
(Address of Principal Executive Offices)              (Issuer's Telephone No.)

   Securities registered pursuant to
        Section 12(b) of the Act:                              NONE

                        Securities registered pursuant to
             Section 12(g) of the Act: Common stock, $.001 par value




Check whether the registrant (1) has filed all reports required to be filed by
Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding
12 months (or such shorter period that the registrant was required to file such
reports), and (2) has been subject to such filing requirements for at least the
past 90 days. [X] Yes [ ] No


Check if no disclosure of delinquent filers in response to Item 405 of
Regulation S-B is contained in this form, and no disclosure will be contained,
to the best of registrant's knowledge, in definitive proxy or information
statements incorporated by reference in Part III of this Form 10-KSB or any
amendment to this Form 10-KSB. [X] Yes [ ] No

The registrant's revenues for its most recent fiscal year were $41,228,648. At
March 22, 2006, a total of 38,728,215 shares of common stock were outstanding,
and the aggregate market value of the shares of common stock of the registrant
held by non-affiliates on March 22, 2006, was approximately $49,409,538.30
(based on the closing sales price of the common stock (as reported on the OTC
Bulletin Board maintained by the NASD on such date, which was $1.62 per share).

<PAGE>


                         Global Aircraft Solutions, Inc.


                                  FORM 10-KSB/A


                                 AMENDMENT NO. 1


                   FOR THE FISCAL YEAR ENDED DECEMBER 31, 2005


                                      INDEX


                                    PART III


Item 11. Security Ownership of Certain Beneficial Owners and Management and
         Related Stockholder Matters
         -------------------------------------------------------------------


EXPLANATORY NOTE


This Form 10-KSB/A is being filed solely to correct Item 11 Security Ownership
of Certain Beneficial Owners and Management and Related Stockholder Matters of
the 10-KSB for the year ended December 31, 2005 filed with the Securities and
Exchange Commission on April 10, 2006. Item 11 is hereby amended and replaced
with the following to more accurately reflect the beneficial ownership interests
in Global Aircraft Solutions, Inc.


AMENDED ITEM 11 TO 10-KSB filed April 10, 2006


Item 11. Security Ownership of Certain Beneficial Owners and Management and
         Related Stockholder Matters


The following table sets forth, as of March 22, 2006, the stock ownership of
each officer and director of Global, of all officers and directors of Global as
a group, and of each person known by Global to be a beneficial owner of 5% or
more of its Common Stock, $.001 par value per share. Except as otherwise noted,
each person listed below is the sole beneficial owner of the shares and has sole
investment and voting power of such shares. No person listed below has any
option, warrant or other right to acquire additional securities of Global,
except as noted.

                                                     Shares             Percent
  Name and Address                                   Beneficially       of Class
  of Beneficial Owner                                Owned(1)           Owned(1)
  -------------------                                --------          ---------
  Barron Partners, LP.............................   7,200,000  (2)      15.37%
  Brencourt Advisors, LLC.........................   2,298,350  (3)       5.93%
  Contrarian Capital Management...................   4,000,000  (4)      10.33%
  Delta Offshore, Ltd.............................   3,000,000  (5)       7.75%
  CRT Capital Group, LLC..........................   2,543,500  (6)       6.57%
  Silver Point Capital, L.P.......................   2,000,000  (7)       5.16%
  Perugia Design .................................   2,000,000  (8)       5.16%

  Directors and Officers
  John Sawyer.....................................   2,681,666  (9)       6.79%
  Ian Herman......................................   2,448,334  (10)      6.30%
  Lawrence Mulcahy................................     100,000             *
  Alfredo Mason ..................................     100,000             *
  Seymour Siegel..................................      10,000             *

  Directors and Officers as a Group ..............    5,340,000           13.79%

--------------------
* Individual is the beneficial owner of less than one percent (1%) of the
Company's outstanding Common Stock.



<PAGE>


(1)  In setting forth this information, the Company has relied upon its stock
     and transfer records, to the extent available to the Company without
     unreasonable effort or expense, and upon Schedule 13D and Schedule 13G
     filings of, and other information provided by the persons listed.
     Beneficial ownership is reported in accordance with Securities and Exchange
     Commission ("SEC") regulations and therefore includes shares of the
     Company's Common Stock which may be acquired within 60 days after March 22,
     2006, upon the exercise of outstanding warrants or options. Shares of
     Common Stock issuable upon the exercise of such warrants or options are
     deemed outstanding for purposes of computing the percentage of Common Stock
     owned by the beneficial owner thereof listed in the table, but are not
     deemed outstanding for purposes of computing the percentage of outstanding
     Common Stock owned by any other stockholder. Except as otherwise stated
     below, all shares are owned directly and of record, and each named person
     has sole voting and investment power with regard to the shares shown as
     owned by such person. For each shareholder, Percent of Class Owned is based
     on the 38,728,215 shares of Common Stock issued and outstanding on March
     22, 2006 plus any shares which may be acquired by such beneficial
     shareholder within 60 days. This calculation does not include warrants and
     options held by non-beneficial shareholders holding less than 5% of the
     outstanding stock.
(2)  Represents a warrant to acquire 7,200,000 shares that may be acquired upon
     conversion of such warrant at an exercise price of $1.36 per share.
(3)  As reported on Schedule 13G filed 2/14/06 for 2,298,350 shares as an
     investment advisor.
(4)  As reported on Schedule 13G on 7/28/05 as an investment advisor with shared
     voting and dispositive power with Contrarian Equity Fund, L.P. which
     reports holding 3,355,669 shares as a corporation.
(5)  As reported on Schedule 13G on 7/27/05 as a corporation with shared voting
     and dispositive power with Trafelet & Company, LLC and Remy Trafelet as
     members of the group.
(6)  As reported on Schedule 13G filed 12/30/05 for 2,543,500 shares as a
     registered broker dealer.
(7)  As reported on Schedule 13G filed 7/27/05 for 2,000,000 shares. The 13G was
     filed jointly by Silver Point Capital, As reported on Schedule 13G filed
     7/27/05 for 2,000,000 shares. The 13G was filed jointly by Silver Point
     Capital, L.P. Edward Mule and Robert O'Shea with respect to the ownership
     of shares by Silver Point Capital Fund, L.P. ("Fund") and Silver Point
     Offshore Fund, Ltd. ("Offshore Fund"). The reporting persons have entered
     into a joint filing agreement dated August 5, 2005. Silver Point Capital,
     L.P. is the investment manager of the Fund and Offshore Fund and by such
     status may be deemed to be the beneficial owner of shares held by the Fund
     and Offshore Fund. In the Schedule 13G, Silver Point Capital, L.P. and
     Messrs Mule and O'Shea disclaim beneficial ownership of the shares held by
     the Fund and the Offshore Fund, except to the extent of any pecuniary
     interest.
(8)  Originally part of 3,000,000 shares of stock issued in the Company's
     acquisition of Johnstone SoftMachine Corporation. These shares were subject
     to an agreement wherein a company controlled by a member of the family of
     one of the Board of Directors agreed to purchase 2,000,000 shares of this
     stock. This purchase produced a Note from the buyer, Perugia Design
     Corporation, for $100,000 that has been assigned by LogiCapital to the
     Company.
(9)  2,500,000 shares issued pursuant to Employment Agreement filed under DEF14C
     on September 26, 2003 which includes 766,666 shares which may be acquired
     by the exercise of options at an exercise price of $.17 per share.
(10) 2,500,000 shares issued pursuant to Employment Agreement filed under DEF14C
     on September 26, 2003 which includes 133,334 shares which may be acquired
     by the exercise of options at an exercise price of $.17 per share.

This amendment conforms the Form 10-KSB as filed to the version that was
certified by the Company's Chief Executive Officer, the Chief Financial Officer,
the President and Chief Operating Officer and the Principal Accounting Officer,
pursuant to Rules 13a-14(a) and 13a-14(b) under the Securities Exchange Act of
1934 as amended (Exchange Act). No other changes are being made by means of this
filing.



                                   SIGNATURES

In accordance with section 13 or 15(d) of the Securities Exchange Act of 1934,
the Registrant caused this Report on Form 10-KSBA to be signed on its behalf by
the undersigned, thereto duly authorized individual.


Date: April 13, 2006


GLOBAL AIRCRAFT SOLUTIONS, INC.
Formerly Renegade Venture (NEV) Corporation



                                             By:  /s/  Ian Herman
                                             -----------------------------------
                                             Ian Herman, Chief Executive Officer
<PAGE>


In accordance with the Securities Exchange Act of 1934, this report has been
signed below on behalf of the Registrant and in the capacities and on the dates
indicated.




                                 Name                                 Date
                                 ----                                 ----

                        /s/  Ian M. Herman                         04/13/2006
                        -----------------------------------
                        Ian M. Herman
                        Director, Chairman, Chief Executive
                        Officer And Chief Financial Officer
                        (Principal Executive Officer)


                        /s/  John B. Sawyer                        04/13/2006
                        -----------------------------------
                        John B. Sawyer
                        President, Director
                        (Chief Operating Officer)


                        /s/  Patricia Graham                      04/13/2006
                        -----------------------------------
                        Patricia Graham
                        (Principal Financial and Accounting
                        Officer)